Hello bgates222. The lease program that you were quoted for this car is not right. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 M35 Sport with 15,000 miles per year are .00077 and 52%, respectively with the payment of a security deposit at lease signing.
Now let's take a look at the price that you were quoted. A 2006 Infiniti M35 Sport with the Journey package has a spread of slightly over $4,000 between its full MSRP and dealer invoice price. You were quoted a discount of $4,058 on this car, so I suspect that the price that you were offered is fairly close to dealer invoice. If this is the case, this is a good deal. Just make sure to have the dealer use this car's buy rate money factor to calculate its monthly payment and you're in business.
Hi yoxxy. The car that you described has a whopping spread of around $5,400 between its full MSRP and dealer invoice price. You were quoted a discount of $3,780 on the specific car that you are interested in. This is more than $1,500 over dealer invoice. Given how late we are in the model year and the fact that the 2007 M35s have been out for a while I would not be surprised if you were able to beat this price by negotiating more with this dealer or comparison shopping.
Hi acerfan. Infiniti Financial Services' current buy rate lease money factor and residual value for a 21 month lease of a 2007 M45 Sedan with 15,000 miles per year are .00239 and 74%, respectively.
Hi docgary. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
For now I can tell you that it is not in your best interest to make such a large down payment on this lease. I always advise community members against making capitalized cost reductions on leased vehicles. The main reason that I do this is that if one's leased vehicle is totaled in an accident or stolen and never recovered their down payment essentially disappears. You would be better off using the money that you were going to use as a capitalized cost reduction to make additional security deposits to buy down your car's money factor or just keeping it in the bank.
Hi buc21. You probably just missed a "0" when you were typing, but this car's 24 month money factor is currently .00016, not .0016. There is a big difference between the two. I just calculated a 24 month, 15,000 mile per year lease payment on a 2006 M35 2WD with an MSRP of $46,440 and a selling price of $44,100 and came up with a zero down, pre-tax monthly payment of around $592. Even with sales tax, the $725 a month payment that you were quoted for this car is WAY too high. You may want to consider visiting a different dealer.
Hi ac3. This is an outstanding time to lease this car, its money factor is very low right now. Here's the information that you're looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 21 month lease of a 2006 M35 AWD with 15,000 miles per year are an extremely attractive .00001 and 70%, respectively. This car's 12,000 mile per year residual value is 1% higher.
I have seen the 2007 model residuals and MFs. Can someone post the same information for 2006 models. I am being quoted .00125 and 54% for 36/12k on 2006 m35awd.
Do you know if this 21 month lease program is being continued for the month of September on the M35x? If so, do you have to take possession from cars in stock or could you order one? I'm in Massachusetts and would be working w/ the Infiniti dealer on Rt 1 in Norwood. Thanks.
I was interested in the numbers you have here (in Msg #722)for MF and residuals for 2006 M35 AWD. I was quoted MF of .00089 and 70% residual for 12000 mile lease (quite a bit higher than the .00001 that you quote for 15000 miles). I even pressed the finance person about looking at the IFS paperwork to see the numbers...he said: "no, it was an internal document." So, Perhaps he padded the MF...btw, this deal was done on 8/26/06. And here are the details:
Just purchased (well actually leased) one of the last two 2006 M35x left at Chicago north suburb Dealership...they had white and silver vehicles remaining with typical package of Journey, technology, mud flaps and mats with:
If I wanted to prolong the dickering, maybe would have gotten closer to invoice or $100 over but nearest other dealer was 35 miles away and this place is 3 miles from home. Also silver is the color I wanted.
Reading the lease tips forum was extremely helpful in that you must follow the mantra: pay only first payment, title and license fees to walk out the door.
I used 3 security deposits to reduce money factor from .00089 to .00059. Gave 70 % residual for 21 month, 12000 mile lease (that's probably inflated). BTW, finance person said only 3 security deposits could be made.
Anyway, I'm reasonably happy with the car (actually really wanted M45 but spouse requires AWD--so will wait and get the now announced for 2008 M45 with AWD! in 21 months).
Taxes and $550 acquisition fee all folded in to financing. Deal is done but was $550 also padded??
So: $3272 out the door $2400 = 3 security deposits 735 = 1st monthly payment 137 = registration and titling
Also, can confirm that the passenger front seat adjustments are unsatisfactory--in 2006, Infiniti used cheaper controls than used for driver: the seat front under your thigh cannot be raised (I suppose they saved all of $11 per car). In fact, my wife said she felt like she was sitting too low. Happily, she is not often a passenger in this car. Can also confirm that passenger seat front is fully adjustable in 2007 models).
I have a few questions. First, does anyone have the current (September) MF and RV values for a 2007 M45 (regular or Sport) for 24, 36, and 39 mo leases? I was also wondering how the amount of a security deposit is determined. Is it the same as a single monthly lease payment, and if so, is it the payment including tax? I have gotten widely varying costs for a security deposit when I've shopped around, even when all the other variables are essentially equal. Thanks for you help!
I'm about to lease a 2007 M35x. Facts: List with all 51,705 final price 48,500, nothing down, 17,500 miles a yr., 39 months $835 per, resudual is 52% less2% for excess miles or a final residual of 50%. I'm getting screded on the residual? and the discount? also, do any of you thing the new Lexus GS 350 is a beter car?
My main question is does Infiniti have a multiple security deposit program and if so what is the limit on how many you can pay? Also how much does it decrease the money factor and barring any problems when you turn in the lease do you get the money back? Lastly if you terminate the lease early do you get the money back?
When I first visited the dealership, the sales people said that it had been rumored that the M45 would get AWD in 2008. On the day I finalized my lease, the Finance Mgr and the salesperson said they had just been to a ? sales or regional zone meeting and they had been told for sure that AWD would be available in 2008 for the M45. Having driven an A8 for the past 6.5 years I can say for sure I won't ever buy another V6 even with 280-300 HP. Just finished a 450 mile trip this afternoon and while it handled fine on the Interstate, I found it a bit noisy with rpms at 3100>3200 cruising at 73-75 mph. I mean there was no problem passing but the V8 feels so much better and my old AUdi cruised at 75 mph at about 2100 rpm. Oh well, lesson learned. You may ask, why didn't you buy another Audi? Well I hate the nose on all the new Audis and their MMI is not anywhere as good as Infinitis and the NAv is better in the Infinitis.
Thanks Mad, I appreciate the response. I don't mean any offense to you, but knowing the source is a finance manager and a salesperson, my hopes just sunk! LOL!
I was planning to buy next spring or summer anyway.
Is $2275 off of a $48230 M35 a good deal? the last time I leased a car was in 1998 and it cost me $7200 to turn it in due to the overage in miles. So I am nervous.
This is my wife's car and she doesnt put the miles on like I do so I can buy the miles she needs. But after an experience like '98, I'm in no hurry to re-live the lease again.
The dealer is quoting me $672 per month on a 21 month (??never heard of a 21 month lease before) with $3500 down and 17,500 miles. Is this a fair price? Should I put money down or should I use the down for additional deposit? Any suggestions on what should I negotiate for. I have no reason to make a decision tomorrow. Our current car is a very nice 03 BMW x5.
Yes, Infinity has a multiple security deposit program. For each additional security deposit the mf is reduced by .0001 I believe that there is a limit of 7 security deposits.
At the end of the lease, infinity sends you a check for the security deposits...it may take a few weeks to process.
If you terminate the lease early, these are security deposits so they are treated as any security deposit.
Never put additional money down on a lease...you are far better off using that additional money for multiple security deposits. Lots of entries on that topic by me in this forum.
Infinity does have a 21 month lease program right now...but make them run the numbers for 24 and 36 just to make sure the 21 is the least expensive. Look at total cost, not monthly payments. Always run the numbers with no addional payment other than the first months lease payment and any registration fees. Everything else gets bundled in.
What is 17500 miles...is that per year??
My advice, by the way, is to get the M35 not the sport. The sport rides very rough on those larger but thinner tires. My friend who bought the sport wishes he bought the M35 which I bought....it's just more comfortable and just as much fun to drive.
Car Man, do you have the current MF & RV for a 2007 M45 Sport for 24, 36, and 39 mo leases and 15K mi/yr? Also, how is the actual amnt of a security deposit calculated? The info would be appreciated. Thanks!
Here's a good site I found recently which lists residuals and money factors for many different makes/models. The poor person who constantly fields requests appears to have just posted some Infinity M numbers.
Hi everyone, Getting a 2006 M35 AWD with Journey & Tech Package for 21 months, 12000miles/yr, for 660$ per month for 21 months, no other fee. Is this a good deal?
I just leased the same car. Their first payment was $660. Time I was done, I went out the door at $575. The out of pocket money was $3100 for t&t + first month payment. Good luck.
It sounds like they may already have figured in some multiple security deposits if you are putting down 2800 in deposits. Not sure why you are paying $1600 up front though...should be first months payment plus registration fees. That does not add up to $1600.
Is it possible that you are paying 5 security deposits which would reduce the mf by .0005? Ask the dealer how much you will get back at the end when they return the security deposits.
I have a E320 with its lease ending in three months and I have two payments left (2*350=700). I have beeb dying for a M35 with journey and tech. My wife wants another Benz - an E350. Mercedes called us today and offered to payoff my car and give us a 2007 E350 with Nav, upgraded sound system, moonroof, metalic paint, voice control for $2100 OOP and 550 a month for 27 months. The car retailes for $56k. They will payoff my car ($700) and the desposition fee and all other end of lease costs (I am not over my miles) which saves me another $700. They dont do MSDs. Insurance for the MB is $35 a month cheaper than the M35. I live in So Cal (I know, this sounds like an SAT question).
What is the lowest lease price for an M35 I can expect to pay if I lease now, or if I lease around Chritmas?
My heart wants an Ivory Pearl M35 with the wheat interior. But financially, how big a hit will I get with the M35?
I remember seeing the link somewhere when I was catching up with reading the board. I have searched and searched but can't find it. I have a dealer telling me its a myth. Can you guys point me to it.
Ok heres my deal. I have a 98 jeep grand cherokee that I want to trade in. I got an offer of 3000 dollars for it from the dealership. Infiniti of manhattan has a leasing special going on for m35x 41,599 for 459 a month after taxes with the trade-in for a 21 month lease. I can afford 459 a month...but not much more than that.. (limit im giving myself is 489 a month). Its coming with now options, but im not necessarily a gadget type of guy.. i just want whats standard. I know everyone is very against down payments and whatnot, but the way I see it is that im getting rid of my truck, which ive had for 4 years.. and im pretty tired of it. Is this considered a bad idea? Is there anything else I should try for? Any help would be very greatly appreciated. Thnx
The option for Multiple Security Deposits is not a myth and they are not regional....they are an integral part of Infiniti's leasing program. If your dealer would actually read the information from Infiniti finance and/or call his finance hotline, he would know about Multiple Security Deposits. If he continues to tell you they are a myth...tell him that you, as a buyer, are also now a myth and walk out.
My understanding of Infiniti's program is that for each extra security deposit (I believe the max is up to 7), the MF is reduced by .0001. There is no change to the residual...the only change is to the MF. Each extra security deposit is the original monthly payment (without any MSD's) rounded up to the nearest $50...so if the base payment with no MSD's was $635, then each MSD would be $650.
My current M35 lease (7/06) used MSD's to reduce the MF to almost 0.
Look for my earlier posts on the topic in this forum.
Your eye is on the wrong ball (monthly payment) but this may be an OK deal anyway. Try to find out the following:
1) miles per year on this lease 2) Agreed upon selling price used in the lease calculation (don't assume that they used 41599...ask) 3) Money factor (MF) used to calculate the lease 4) Residual value (quoted as a percent of the original MSRP of the car) 5) How much of the $3000 is being used to buy down your monthly payments vs paying for bank fees/origination fees/tax title and so on.
First of all, Thankyou very much for all your information... Knowing what factors to look for help alot. But I cant shake the thinking.. that all i have to do is trade in this truck.. which in my opinion isnt even worth 3000 to get an m35x for only 459 a month... am I still a sucker?
Your not necessarily a sucker...find out the answers to the questions I asked in the previous append (which I changed) and we'll see. The question is are you still paying too much??
My calcs say that with (8%) tax, that car should cost you $627.98 a month and they should write you a check for $3000. Now if you choose to prepay some of that $627.98 up front, that's up to you.
Also...make sure there are no other charges that will be added when you go to sign the deal...eg. administrative costs and so on.
I've never leased a car personally. Once my wife leased an Infiniti, but we turned it in after a year and bought one. At times when I've bought a car I looked at leasing, mostly because the dealer was pushing it (which immediately made me suspicious, LOL).
Financially it never made sense to me over buying the vehicle outright, and that was assuming I kept within the allowable number of miles which would be hard for me to do. Even with 2 cars and a Harley, I can't drive under 15,000 miles in a year.
To me it seems like leasing just gives you neverending payments and never having a dime of equity in the vehicle. Although admittedly almost all cars are rapidly depreciating assets anyway. I guess the attraction is being able to drive a new vehicle every couple years and to drive a better car than one can afford to buy.
Just interested in the thoughts of others out there who regularly lease.
Thanks ghstudios. I went back and read all 76 pages of posts and found Car_Man's post (up uo 9 MSDs) and all your posts, but still can't find the link. Two Internet Managers in LA are telling me they have never heard of this. They are clearly wrong. If I have the link, then I can get my M35. Without it, I can't justify one.
I appreciate any help Car_Man or anybody can give me.
ghstudio gives great, educated advice so follow it. I'll give you my exp with leasing a 2006 m35 rwd ( MSRP-46790,INV-42741) three weeks ago so maybe it will help. I'm not a gadget guy either but after getting the nav sys I wouldn't recommend getting an m35 w/o it. It's awesome and full of neat capabilities. I used the multi sec deposits and my dealer lowered the MF .00007 for each one (don't know why it was more than .00001 - they may have raised the MF to increase profit and then raised my dep buy down to insure the sale?) 5 dep = MF of .00041 to .00006. Res w/ 15K miles was 70% on 21 month lease. I paid $500. over invoice. I put 2K down which is not smart as you know from reading the forum but am buying a condo next year and want to keep income to debt ratio down. Acq fee,1st mo payment, doc fee, reg fee etc added another 2200. So bottom line for me was 4200 and mo payment of 453.00. Hope this helps and good luck. If you're going for 500 or less over inv don't expect much more than KBB(fair) for trade-in. Good luck
Hi nanrosa. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 Infiniti M35 AWD with 12,000 miles per year are .00095 and 52%, respectively with the payment of a security deposit at lease signing.
Hi brodsky. Infiniti still has a special 21 month lease program on the 2007 M35 in September. Many manufacturers allow consumers to lock in the lease program that is available on an ordered vehicle at the time that their order is placed. I'm not sure if IFS allows this. you will have to ask your dealer to find out for certain.
You're welcome, madrad. The $550 acquisition fee that you were charged is Infiniti Financial Services' base fee. It was not padded. You may be able to find out more information about this car's seats by visiting the following discussions: "Infiniti M35/M45 2006+" or "Infiniti M35/M45 Owners: Problems & Solutions".
Hello wpbleaser. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a base 2007 M45 with 15,000 miles per year are .00226 and 70%, respectively. The numbers for an otherwise identical 39 month lease are .00207 and 57%. The numbers for a 39 month lease are .00182 and 54%.
Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 M45 Sport with 15,000 miles per year are .00204 and 69%, respectively. The numbers for an otherwise identical 39 month lease are .00210 and 57%. The numbers for a 39 month lease are .00201 and 55%.
Your car's security deposit will be equivalent to its monthly payment rounded up to the nearest $50 increment. IFS will waive its security deposit requirement in exchange for an increase of .00015 in your car's money factor.
Yes, nealesq1, Infiniti Financial Services does have a multiple security deposit program. For each additional deposit lessees make, up to a maximum of nine, they will receive a .00010 discount in their vehicle's money factor. Assuming that your car does not have any excess mileage or excess wear and tear IFS will mail you your security deposit back when you return your vehicle at lease-end. I assume that you would get your deposits back if you terminated your lease early as well.
Here's the information that you're looking for, wpbleaser. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 M45 Sport with 15,000 miles per year are .00204 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00210 and 57%. The numbers for an otherwise identical 39 month lease are .00201 and 55%. All of these money factors assume that you are paying a security deposit that is equivalent to your car's monthly payment rounded up to the nearest $50 increment at lease signing. IFS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your car's monthly payment.
Hi rabbi1. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Hi funnynickhere. The money factor and residual value that you were quoted for this car are right on the money. $4,400 is way too much money to put down though. You would be much better off making multiple security deposits to lower your monthly payment than throwing your money away by using it as a cap cost reduction. I would be happy to tell you exactly how much lower your monthly payment would be with the additional security deposits if you provide me with this car's MSRP and selling price.
Hi poorprof. I am not aware of any web site that has information on Infiniti Financial Services' multiple security deposit program, but I can give you its details. IFS provides a reduction of .00010 in vehicles' money factors for each additional security deposit that lessees make, up to a maximum of nine.
I am speaking with two dealers here in SW Florida and they look at me like I have two heads when I mention Infiniti Financial Services rates (on the '07 M35). I am getting prices for 24 month 12 & 15K miles. I did ask one dealer if they used the IFS set rates and he said yes. What can I show them to get the correct rates and residuals? Also, they both had not heard of any September special on the M35 21 month lease.
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Now let's take a look at the price that you were quoted. A 2006 Infiniti M35 Sport with the Journey package has a spread of slightly over $4,000 between its full MSRP and dealer invoice price. You were quoted a discount of $4,058 on this car, so I suspect that the price that you were offered is fairly close to dealer invoice. If this is the case, this is a good deal. Just make sure to have the dealer use this car's buy rate money factor to calculate its monthly payment and you're in business.
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For now I can tell you that it is not in your best interest to make such a large down payment on this lease. I always advise community members against making capitalized cost reductions on leased vehicles. The main reason that I do this is that if one's leased vehicle is totaled in an accident or stolen and never recovered their down payment essentially disappears. You would be better off using the money that you were going to use as a capitalized cost reduction to make additional security deposits to buy down your car's money factor or just keeping it in the bank.
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I am new to leasing. How would i calculate the monthly payment on a 2007 M45 sport with all the options. 21 months, 15k miles a year and 0 down.
Total Cap .$60,246.19
Cap Reduction $0
Residual ..76%.......... $45,463.20
Total Depreciation $14,782.99
Doc Fee $299.00
Taxes $1,840.69
License Fees ..... $56.50
Advance/Monthly Pmts $956.50
Security Deposit $0
Bank Fee $550.00
Total Drive off .. $956.50
Rate . 2.390
Term 21 Month
If you went with a 24/15k lease. You will be at $986.08.
Remember, You will also become a member of the 2006 500 Club.
Please contact me and let me know when you can come in to take a look at the M45s. I will be here today until 8pm this evening.
Do you know if this 21 month lease program is being continued for the month of September on the M35x? If so, do you have to take possession from cars in stock or could you order one? I'm in Massachusetts and would be working w/ the Infiniti dealer on Rt 1 in Norwood. Thanks.
Thanks for your great info and advice re leasing.
I was interested in the numbers you have here (in Msg #722)for MF and residuals for 2006 M35 AWD. I was quoted MF of .00089 and 70% residual for 12000 mile lease (quite a bit higher than the .00001 that you quote for 15000 miles). I even pressed the finance person about looking at the IFS paperwork to see the numbers...he said: "no, it was an internal document." So, Perhaps he padded the MF...btw, this deal was done on 8/26/06. And here are the details:
Just purchased (well actually leased) one of the last two 2006 M35x left at Chicago north suburb Dealership...they had white and silver vehicles remaining with typical package of Journey, technology, mud flaps and mats with:
MSRP: 51,140
Edmunds/KBB invoice: 46,626
Negotiated selling price: 46,901 ($275 over invoice)
If I wanted to prolong the dickering, maybe would have gotten closer to invoice or $100 over but nearest other dealer was 35 miles away and this place is 3 miles from home. Also silver is the color I wanted.
Reading the lease tips forum was extremely helpful in that you must follow the mantra: pay only first payment, title and license fees to walk out the door.
I used 3 security deposits to reduce money factor from .00089 to .00059. Gave 70 % residual for 21 month, 12000 mile lease (that's probably inflated). BTW, finance person said only 3 security deposits could be made.
Anyway, I'm reasonably happy with the car (actually really wanted M45 but spouse requires AWD--so will wait and get the now announced for 2008 M45 with AWD! in 21 months).
Taxes and $550 acquisition fee all folded in to financing.
Deal is done but was $550 also padded??
So: $3272 out the door
$2400 = 3 security deposits
735 = 1st monthly payment
137 = registration and titling
Also, can confirm that the passenger front seat adjustments are unsatisfactory--in 2006, Infiniti used cheaper controls than used for driver: the seat front under your thigh cannot be raised (I suppose they saved all of $11 per car). In fact, my wife said she felt like she was sitting too low. Happily, she is not often a passenger in this car.
Can also confirm that passenger seat front is fully adjustable in 2007 models).
List with all 51,705 final price 48,500, nothing down, 17,500 miles a yr., 39 months $835 per, resudual is 52% less2% for excess miles or a final residual of 50%. I'm getting screded on the residual? and the discount? also, do any of you thing the new Lexus GS 350 is a beter car?
Thanks for any help in advance.
Madrad, where did you hear this? Can you provide a source? That is the car I would wait for!
Having driven an A8 for the past 6.5 years I can say for sure I won't ever buy another V6 even with 280-300 HP. Just finished a 450 mile trip this afternoon and while it handled fine on the Interstate, I found it a bit noisy with rpms at 3100>3200 cruising at 73-75 mph. I mean there was no problem passing but the V8 feels so much better and my old AUdi cruised at 75 mph at about 2100 rpm. Oh well, lesson learned. You may ask, why didn't you buy another Audi? Well I hate the nose on all the new Audis and their MMI is not anywhere as good as Infinitis and the NAv is better in the Infinitis.
I was planning to buy next spring or summer anyway.
This is my wife's car and she doesnt put the miles on like I do so I can buy the miles she needs. But after an experience like '98, I'm in no hurry to re-live the lease again.
The dealer is quoting me $672 per month on a 21 month (??never heard of a 21 month lease before) with $3500 down and 17,500 miles. Is this a fair price? Should I put money down or should I use the down for additional deposit? Any suggestions on what should I negotiate for. I have no reason to make a decision tomorrow. Our current car is a very nice 03 BMW x5.
Thanks in advance for your assistance.
I believe that there is a limit of 7 security deposits.
At the end of the lease, infinity sends you a check for the security deposits...it may take a few weeks to process.
If you terminate the lease early, these are security deposits so they are treated as any security deposit.
Infinity does have a 21 month lease program right now...but make them run the numbers for 24 and 36 just to make sure the 21 is the least expensive. Look at total cost, not monthly payments. Always run the numbers with no addional payment other than the first months lease payment and any registration fees. Everything else gets bundled in.
What is 17500 miles...is that per year??
My advice, by the way, is to get the M35 not the sport. The sport rides very rough on those larger but thinner tires. My friend who bought the sport wishes he bought the M35 which I bought....it's just more comfortable and just as much fun to drive.
Check it out.
http://forums.roadfly.com/forums/financing/
Getting a 2006 M35 AWD with Journey & Tech Package for 21 months, 12000miles/yr, for 660$ per month for 21 months, no other fee. Is this a good deal?
the lease is for 21 months, 12 k miles, 4400 down including drive off fees (2800 deposit)
it comes to 496.45/mo including taxes
residual is 74%
money factor is .00192
would I be better off with additional security deposits (will my payment stay below 500?)
thanks
Is it possible that you are paying 5 security deposits which would reduce the mf by .0005? Ask the dealer how much you will get back at the end when they return the security deposits.
Overall, this sounds like a good deal
What is the lowest lease price for an M35 I can expect to pay if I lease now, or if I lease around Chritmas?
My heart wants an Ivory Pearl M35 with the wheat interior. But financially, how big a hit will I get with the M35?
I have been all over Infiniti's site too
Thnx
My understanding of Infiniti's program is that for each extra security deposit (I believe the max is up to 7), the MF is reduced by .0001. There is no change to the residual...the only change is to the MF. Each extra security deposit is the original monthly payment (without any MSD's) rounded up to the nearest $50...so if the base payment with no MSD's was $635, then each MSD would be $650.
My current M35 lease (7/06) used MSD's to reduce the MF to almost 0.
Look for my earlier posts on the topic in this forum.
1) miles per year on this lease
2) Agreed upon selling price used in the lease calculation (don't assume that they used 41599...ask)
3) Money factor (MF) used to calculate the lease
4) Residual value (quoted as a percent of the original MSRP of the car)
5) How much of the $3000 is being used to buy down your monthly payments vs paying for bank fees/origination fees/tax title and so on.
Then we can figure out if it really is an OK deal
Thankyou very much for all your information... Knowing what factors to look for help alot. But I cant shake the thinking.. that all i have to do is trade in this truck.. which in my opinion isnt even worth 3000 to get an m35x for only 459 a month... am I still a sucker?
My calcs say that with (8%) tax, that car should cost you $627.98 a month and they should write you a check for $3000. Now if you choose to prepay some of that $627.98 up front, that's up to you.
Also...make sure there are no other charges that will be added when you go to sign the deal...eg. administrative costs and so on.
Financially it never made sense to me over buying the vehicle outright, and that was assuming I kept within the allowable number of miles which would be hard for me to do. Even with 2 cars and a Harley, I can't drive under 15,000 miles in a year.
To me it seems like leasing just gives you neverending payments and never having a dime of equity in the vehicle. Although admittedly almost all cars are rapidly depreciating assets anyway. I guess the attraction is being able to drive a new vehicle every couple years and to drive a better car than one can afford to buy.
Just interested in the thoughts of others out there who regularly lease.
I appreciate any help Car_Man or anybody can give me.
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Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 M45 Sport with 15,000 miles per year are .00204 and 69%, respectively. The numbers for an otherwise identical 39 month lease are .00210 and 57%. The numbers for a 39 month lease are .00201 and 55%.
Your car's security deposit will be equivalent to its monthly payment rounded up to the nearest $50 increment. IFS will waive its security deposit requirement in exchange for an increase of .00015 in your car's money factor.
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I am speaking with two dealers here in SW Florida and they look at me like I have two heads when I mention Infiniti Financial Services rates (on the '07 M35). I am getting prices for 24 month 12 & 15K miles. I did ask one dealer if they used the IFS set rates and he said yes. What can I show them to get the correct rates and residuals? Also, they both had not heard of any September special on the M35 21 month lease.
Thanks.
Brownie